All Forum Posts by: Wale Lawal

You can lend some or all the money from your 401K to invest. 

It's one of the easiest and cheapest ways to start if you don't have some cash in the bank.

I will strongly recommend you get enough education first.

You can contact Fast Track Remodeling. They usually do good job at reasonable price. I haven't use them personally but I have people who have. Goodluck on your rehab deal

@Adriel Hsu Thank you for your input and advise. 

I really appreciate the honest truth.

I currently don't send any post card or marketing email/mail to any potential sellers since most people are doing this. 

The "I buy house in cash, as is, no commission, no fees, not etc.." are everywhere and it seems to be too crowdy and overused strategy.

I do not also have so much cash to invest, hence I have revised my strategy and I am focusing on doing a deal to at least break even with maybe up to 7% CoC return in my first year. The second year should be better.

Looking at Some part of Conroe, Humble, Friendswood, All part of Montgomery County, Some part of Spring, Jersey Village, Hempstead, Prairie View, Waller, Jacinto City, Arcola and surrounding areas. 

I have access to MLS listing and I will also get more creative way to structure my offers to sellers.

Methods of finding unlisted properties is something I am also learning.

Please feel free to send me any resources you believe can help my search.

Thank you

Thank you so much Todd, I have revised my strategy and returns. 

I am also analyzing 3-5 properties daily. Please what source are you getting your deals from? I will like to discuss it with you. Maybe we can also crunch some numbers together.

For me, I can not do a cash deal so that also makes me less competitive but i strongly believe it is possible. 

I have a goal to close on my first deal before Feb 28th, 2020.

Please DM me let's continue the discussion. 

Thank you 

@Adam D Rinehart Thank you for your contribution. 

I know this areas are fast growing areas and very desirable for most investors. I have lived in the areas myself for 5 years.

I believe in creative deals with creative financing to make a deal cash flow or at least break-even in a fast growing areas. 

Cash Purchase is not an option for me and i am flexible with my CoC return depending on forecasted appreciation and other parameters.

I have reviewed the your Zillow reports and I still believe i can find something that will work with my criteria and strategy.   

All i need are few motivated sellers or what I refer to as a “mom and pop” owner. Hard to find.....I agree. 

Motivated sellers like:

• Retiring people
• Divorcees
• Out-of-state owners
• Those experiencing partner acrimony
• Those going through bankruptcy
• People experiencing health issues
• Those faced with a new business opportunity
• Relocating people
• Code violators/Board of Health violators
• Those who have inherited property
• Burned out landlords
• Families fighting amongst themselves etc.

With a good Realtor or Brokers, I can find great deal although it may take time. 

Thank you

I am currently looking to begin my buy & hold investment Single Family portfolio locally in the North Houston Market.

I have narrowed down my options to few cities like Katy, Cypress, Spring, Conroe, The Woodlands and Some Part of Houston to look for distressed or minor rehab single-family properties for BRRRR.

Ideally, I am looking to find investments with a 12%+ cash on cash return in a class B neighborhood. 

With this in mind, Does anyone know any reputable wholesalers and brokers that can help with my search? 

Please feel free to recommend experience people with good business ethics in the North Houston market.

I am also open to owner finance deals with a win-win approach.

I anticipate your help.

Thank you

Wale

 Very well stated but not that easy. Thank you for the quick illustration